Trump Supports Lockheed Martin's F-35 Sale to Turkey
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10 hours ago
0mins
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.STRATEGIC BITCOIN RESERVE:The Trump administration is evaluating how to structure a proposed Strategic Bitcoin Reserve, with the Treasury Department and the Department of Commerce both under consideration to oversee it as legal questions remain over which agency has the authority, while the Office of Legal Counsel is working with both departments to determine the legally permissible framework, Bloomberg's Olga Kharif, Jeff Mason, and Jimmy Jenkins. Publicly traded companies in the space include Bit Digital, Bitfarms, Circle Internet, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Riot Platforms, Strategy, Stronghold Digital Miningand TeraWulf.WALMART PRICES:In a post on Truth Social, President Trump stated, "Great news! I have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration's request to celebrate our great Country's 250th birthday. Walmart will, in particular, be dropping the price for a pound of ground beef by almost 15%, among many other products. This is a huge deal for the many millions of Americans who, smartly, shop at Walmart, which is a truly patriotic Company who loves the U.S.A. My Administration is lowering prices that Joe Biden incompetently raised with the worst inflation crisis in history, a total disaster along with the Southern Border, the botched withdrawal from Afghanistan, and many other failures. Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, just like egg and Prescription Drug prices which I am bringing down by historic levels. Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots. Together, we will make America stronger and greater than ever before!"F-35 JETS SALE:President Donald Trump is expected to support a potential sale of Lockheed Martin'sF-35 Lightning II jets to Turkey during a visit to Ankara, signaling closer ties with Recep Tayyip Erdogan despite unresolved legal and congressional hurdles, Reuters' Humeyra Pamuk.COAL WASTE GRANT:Core Natural Resourcesannounced that its subsidiary, CONSOL Innovations, has been selected for a multi-million-dollar grant by the U.S. Department of Energy's Office of Critical Minerals and Energy Innovation. The funding is intended to support the development of a pilot-scale facility for the extraction of rare earth elements and critical materials from coal waste tailings at the company's Pennsylvania Mining Complex. The final grant amount is contingent on completing negotiations with the regulatory agency. "We applaud the Trump Administration for its great leadership and support in seeking to unlock the full potential of America's coal resources, and we look forward to partnering with the Department of Energy as we take the next steps in exploring rare earth element and critical mineral extraction at our operations," said Jimmy Brock, Core's chairman and CEO.
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Analyst Views on BTBT
Wall Street analysts forecast BTBT stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.740
Low
4.00
Averages
5.63
High
7.00
Current: 1.740
Low
4.00
Averages
5.63
High
7.00
About BTBT
Bit Digital, Inc. is a global platform for high performance computing (HPC) infrastructure and digital asset production company. The Company is a provider of HPC data centers and cloud-based HPC graphics processing units (GPU) services, which term cloud services, for customers such as artificial intelligence (AI) and machine learning (ML) developers. The Company designs, develops, and operates HPC data centers, through which it offers hosting and colocation services. The Company has four reportable segments: Digital asset mining, Cloud services, Colocation services, and ETH Staking. The Digital asset mining segment is engaged in bitcoin and mining activities. The Cloud services segment provides HPC services to support generative AI workstreams. The Colocation services segment provide customers with physical space, power and cooling within the data center facility. The ETH staking segment is engaged in both native staking and liquid staking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitcoin ETFs Experience Record Net Outflows in June
- Bitcoin Price Decline: In June, Bitcoin's price fell to $58,000, indicating a bearish market sentiment that could undermine investor confidence and future investment decisions.
- Record ETF Outflows: U.S. spot Bitcoin ETFs experienced $4.5 billion in net outflows in June, marking the worst performance since their launch in January 2024, highlighting a significant decline in investor confidence in Bitcoin.
- Historic Outflow Data: The outflows in June surpassed the previous record of $3.48 billion set in February 2025 by approximately 29%, suggesting a sharp decrease in market demand for Bitcoin, which may lead to further price declines.
- Short Selling Trends: Among micro and small-cap crypto firms, Forum Markets saw the highest short interest at 25.67%, while CoinShares had the lowest at 0.70%, reflecting varying levels of market confidence in these companies.
See More
Bit Digital Announces 2026 Annual Shareholders Meeting
- Meeting Announcement: Bit Digital has scheduled its 2026 Annual General Meeting for July 29, 2026, at 9:00 a.m. Eastern Time, requiring shareholders to be on record by April 30, 2026, to ensure their participation in key decisions affecting the company.
- Proxy Statement Filing: The company filed its definitive proxy statement with the SEC and mailed it to shareholders around June 11, emphasizing the importance of shareholder voting to express their opinions at the upcoming meeting, thereby fostering shareholder engagement.
- Hybrid Meeting Format: The AGM will be conducted both in-person and virtually, allowing shareholders to access the meeting online, which reflects the company's commitment to digital transformation and enhances shareholder convenience, thereby increasing participation.
- Investor Relations Support: Bit Digital has provided contact information for its Investor Relations team to assist shareholders with voting issues, demonstrating the company's dedication to shareholder service and aiming to improve shareholder satisfaction and trust.
See More
BRC Specialty Finance Secures $20 Million Financing for Digital Infrastructure
- Innovative Financing Structure: BRC Specialty Finance, through B. Riley Securities, has provided a $20 million senior secured loan to Bit Digital, showcasing its flexibility and innovation in financing for middle-market companies, which is expected to deliver essential liquidity to support the borrower's data center construction.
- Meeting Market Demand: This financing not only addresses the liquidity needs of high-catalyst operators but also brings high-quality, asset-backed yields to the BRC Specialty Finance platform, further solidifying its market position in the digital infrastructure sector.
- Strengthening Client Relationships: The long-standing relationship between B. Riley and Bit Digital, as well as WhiteFiber, enabled the swift execution of this transaction, demonstrating the platform's ability to provide flexible capital at critical moments, thereby enhancing client trust and reliance.
- Strategic Market Positioning: BRC Specialty Finance focuses on delivering structured capital solutions to small and middle-market companies, filling a market gap often overlooked by traditional lenders, which is expected to drive its continued growth and development in the small-cap market.
See More
Bit Digital Acquires $20M in Ethereum, Strengthening Treasury
- Strategic Asset Investment: Bit Digital announced the purchase of approximately 8,568 Ethereum (ETH) for $20 million at an average cost of $2,334.25, further enhancing its balance sheet and demonstrating confidence in Ethereum as foundational infrastructure for the future digital economy.
- ETH Reserve Growth: Following this transaction, Bit Digital's Ethereum reserves increased to approximately 158,461.75 ETH, indicating the company's proactive positioning in the cryptocurrency market aimed at enhancing net asset value (NAV) per share through increased holdings.
- Market Condition Alignment: CEO Tabar emphasized that Bit Digital executes trades decisively when market conditions align with its investment thesis, and this purchase not only lowers the average acquisition cost but also strengthens its strategic position within the Ethereum ecosystem.
- Diversified Investment Strategy: Bit Digital plans to deploy capital across three main verticals: Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions, showcasing its diversified investment approach in the digital asset space aimed at creating long-term value for shareholders.
See More
Bit Digital Acquires 8,568 Ethereum for $20 Million
- Ethereum Acquisition: On May 11, 2026, Bit Digital acquired 8,568 Ethereum at an average cost of $2,334.25 each for a total investment of $20 million, further solidifying its position among the largest public holders of Ethereum globally.
- Asset Allocation Strategy: This acquisition increases Bit Digital's Ethereum reserves to approximately 158,461.75 ETH, reflecting the company's confidence in Ethereum as a foundational infrastructure for the future digital economy and supporting its commitment to NAV per share growth.
- Market Outlook: CEO Sam Tabar noted that the current Ethereum market appears more like a reset than an ending, indicating the company's intent to continue executing its capital deployment strategy when market conditions align, focusing on Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions.
- Company Positioning: As a publicly-listed Strategic Asset Company, Bit Digital emphasizes a disciplined Ethereum accumulation program and AI/HPC infrastructure business, aiming to achieve sustained shareholder value growth through strategic investments.
See More
Bit Digital Acquires 8,568 Ethereum for $20 Million
- Strategic Asset Acquisition: Bit Digital has acquired 8,568 Ethereum (ETH) for $20 million at an average cost of $2,334.25, increasing its total holdings to approximately 158,461.75 ETH, which reinforces its position among the largest public holders of Ethereum globally and reflects the company's confidence in Ethereum as foundational infrastructure for the future digital economy.
- Capital Deployment Strategy: CEO Sam Tabar stated that this acquisition not only lowers the average acquisition cost but also supports the commitment to net asset value (NAV) growth per share, indicating the company's decisive execution of its capital deployment strategy when market conditions align, thereby enhancing shareholder value.
- Diversified Business Focus: Bit Digital is focused on Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions, demonstrating its investment decisions across multiple core areas aimed at achieving long-term growth through a diversified business model.
- Market Outlook: With the Ethereum market appearing to reset, Bit Digital's acquisition actions reflect its optimism about future market potential, which is expected to further enhance the company's competitiveness and market share in the digital asset space.
See More
Bitcoin ETFs Experience Record Net Outflows in June
- Bitcoin Price Decline: In June, Bitcoin's price fell to $58,000, indicating a bearish market sentiment that could undermine investor confidence and future investment decisions.
- Record ETF Outflows: U.S. spot Bitcoin ETFs experienced $4.5 billion in net outflows in June, marking the worst performance since their launch in January 2024, highlighting a significant decline in investor confidence in Bitcoin.
- Historic Outflow Data: The outflows in June surpassed the previous record of $3.48 billion set in February 2025 by approximately 29%, suggesting a sharp decrease in market demand for Bitcoin, which may lead to further price declines.
- Short Selling Trends: Among micro and small-cap crypto firms, Forum Markets saw the highest short interest at 25.67%, while CoinShares had the lowest at 0.70%, reflecting varying levels of market confidence in these companies.
See More
Bit Digital Announces 2026 Annual Shareholders Meeting
- Meeting Announcement: Bit Digital has scheduled its 2026 Annual General Meeting for July 29, 2026, at 9:00 a.m. Eastern Time, requiring shareholders to be on record by April 30, 2026, to ensure their participation in key decisions affecting the company.
- Proxy Statement Filing: The company filed its definitive proxy statement with the SEC and mailed it to shareholders around June 11, emphasizing the importance of shareholder voting to express their opinions at the upcoming meeting, thereby fostering shareholder engagement.
- Hybrid Meeting Format: The AGM will be conducted both in-person and virtually, allowing shareholders to access the meeting online, which reflects the company's commitment to digital transformation and enhances shareholder convenience, thereby increasing participation.
- Investor Relations Support: Bit Digital has provided contact information for its Investor Relations team to assist shareholders with voting issues, demonstrating the company's dedication to shareholder service and aiming to improve shareholder satisfaction and trust.
See More
BRC Specialty Finance Secures $20 Million Financing for Digital Infrastructure
- Innovative Financing Structure: BRC Specialty Finance, through B. Riley Securities, has provided a $20 million senior secured loan to Bit Digital, showcasing its flexibility and innovation in financing for middle-market companies, which is expected to deliver essential liquidity to support the borrower's data center construction.
- Meeting Market Demand: This financing not only addresses the liquidity needs of high-catalyst operators but also brings high-quality, asset-backed yields to the BRC Specialty Finance platform, further solidifying its market position in the digital infrastructure sector.
- Strengthening Client Relationships: The long-standing relationship between B. Riley and Bit Digital, as well as WhiteFiber, enabled the swift execution of this transaction, demonstrating the platform's ability to provide flexible capital at critical moments, thereby enhancing client trust and reliance.
- Strategic Market Positioning: BRC Specialty Finance focuses on delivering structured capital solutions to small and middle-market companies, filling a market gap often overlooked by traditional lenders, which is expected to drive its continued growth and development in the small-cap market.
See More
Bit Digital Acquires $20M in Ethereum, Strengthening Treasury
- Strategic Asset Investment: Bit Digital announced the purchase of approximately 8,568 Ethereum (ETH) for $20 million at an average cost of $2,334.25, further enhancing its balance sheet and demonstrating confidence in Ethereum as foundational infrastructure for the future digital economy.
- ETH Reserve Growth: Following this transaction, Bit Digital's Ethereum reserves increased to approximately 158,461.75 ETH, indicating the company's proactive positioning in the cryptocurrency market aimed at enhancing net asset value (NAV) per share through increased holdings.
- Market Condition Alignment: CEO Tabar emphasized that Bit Digital executes trades decisively when market conditions align with its investment thesis, and this purchase not only lowers the average acquisition cost but also strengthens its strategic position within the Ethereum ecosystem.
- Diversified Investment Strategy: Bit Digital plans to deploy capital across three main verticals: Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions, showcasing its diversified investment approach in the digital asset space aimed at creating long-term value for shareholders.
See More
Bit Digital Acquires 8,568 Ethereum for $20 Million
- Ethereum Acquisition: On May 11, 2026, Bit Digital acquired 8,568 Ethereum at an average cost of $2,334.25 each for a total investment of $20 million, further solidifying its position among the largest public holders of Ethereum globally.
- Asset Allocation Strategy: This acquisition increases Bit Digital's Ethereum reserves to approximately 158,461.75 ETH, reflecting the company's confidence in Ethereum as a foundational infrastructure for the future digital economy and supporting its commitment to NAV per share growth.
- Market Outlook: CEO Sam Tabar noted that the current Ethereum market appears more like a reset than an ending, indicating the company's intent to continue executing its capital deployment strategy when market conditions align, focusing on Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions.
- Company Positioning: As a publicly-listed Strategic Asset Company, Bit Digital emphasizes a disciplined Ethereum accumulation program and AI/HPC infrastructure business, aiming to achieve sustained shareholder value growth through strategic investments.
See More
Bit Digital Acquires 8,568 Ethereum for $20 Million
- Strategic Asset Acquisition: Bit Digital has acquired 8,568 Ethereum (ETH) for $20 million at an average cost of $2,334.25, increasing its total holdings to approximately 158,461.75 ETH, which reinforces its position among the largest public holders of Ethereum globally and reflects the company's confidence in Ethereum as foundational infrastructure for the future digital economy.
- Capital Deployment Strategy: CEO Sam Tabar stated that this acquisition not only lowers the average acquisition cost but also supports the commitment to net asset value (NAV) growth per share, indicating the company's decisive execution of its capital deployment strategy when market conditions align, thereby enhancing shareholder value.
- Diversified Business Focus: Bit Digital is focused on Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions, demonstrating its investment decisions across multiple core areas aimed at achieving long-term growth through a diversified business model.
- Market Outlook: With the Ethereum market appearing to reset, Bit Digital's acquisition actions reflect its optimism about future market potential, which is expected to further enhance the company's competitiveness and market share in the digital asset space.
See More
